BMO Capital raised the firm’s price target on Louisiana-Pacific (LPX) to $99 from $83 and keeps an Outperform rating on the shares. The company’s Q1 results were well ahead of expectations, while its recently expanded partnerships with Lennar (LEN) and Home Depot (HD) create a nice growth runway in Siding, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPX:
- Louisiana-Pacific sees 2024 siding revenue growth 11%-13%
- Louisiana-Pacific sees Q2 siding revenue growth 20%-25%
- Louisiana-Pacific reports Q1 adjusted EPS $1.53, consensus $1.12
- LPX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Amgen upgraded, Peloton downgraded: Wall Street’s top analyst calls